IOTA founder David Sønstebø buries hatchets, plots future in puzzling blog

In an in-depth and sometimes vituperative blog post published today, IOTA founder David Sønstebø tries to dispel “any concerns” about his state of mind and assure the community that the “IF [IOTA Foundation] is not broke ”and suggests future plans for the ecosystem that will be developed in collaboration with“ investors, separate DLT project leaders, community developers and others ”.

As Cointelegraph previously reported, the board of the IOTA Foundation announced in an announcement on December 11th that Sønstebø had been removed from the organization after a “unanimous” vote in the board. Sønstebø has been co-chair of the foundation since 2017.

Sønstebø’s blog post tries to clear up any ambiguities about the announcement of IOTA, which he described as “clumsy, panicked and downright unprofessional” and which leaves plenty of room for rampant speculation. However, his own contribution may raise more questions than answer.

The founder makes it clear that he is of the opinion that the separation between himself and the IOTA Foundation was not the result of a “contradiction between my interests and those of the organization” and that he was such a characterization as “obviously wrong, dubious and motivated defamatory representation of myself. ”

Nonetheless, later in the Post he describes a few differences of opinion that “[provided] a fertile environment for past drama, ”including a case where his internal campaign for the Foundation to appoint a CEO was overturned by the IOTA Foundation’s board of directors, as well as disagreements over ownership of several future IOTA ecosystem projects, including“ profitable ”running the Committees for IOTA Smart Contracts, Oracle-as-a-Service and decentralized infrastructure as a service. “

Sønstebø said that “the board panicked for negligent handling of IF finances” and that they subsequently used these projects to provide “an” ever-growing “runway at the expense of the actually growing IOTA ecosystem” . Sønstebø said he refused to allow the board to take responsibility for these projects and their potential future sources of income, implying that this disagreement is the reason for the split.

“Here you have it; my” different interests, “he said.

Sønstebø then spoke to several board members personally and asked one to stop calling himself a co-founder, disguise another for “begging” for tokens and not attending meetings, and invite one to “drink wine and play chess” at any time. “

“More details about my plans for IOTA will be announced early next year. Do not worry. I will continue to work on IOTA with members of the foundation, members of the community and external partners, ”he concluded. “This is not the point at the end of the last sentence of the last chapter. It’s just a comma. “